RHCO ANNOUNCES ACQUISITION OF LEADING PAYMENT GATEWAY OKEPAY, ENTERS $4.7 TRILLION PAYMENT MARKET
February 19 2021 - 8:35AM
InvestorsHub NewsWire
RHCO
ANNOUNCES ACQUISITION OF
LEADING PAYMENT GATEWAY OKEPAY, ENTERS $4.7 TRILLION
PAYMENT MARKET
Hilversum, Netherlands --
February 19, 2021 -- InvestorsHub NewsWire -- Readen
Holding Corp. (OTC
Pink: RHCO), a diversified holding company, today announced
that it has completed the Company's acquisition of leading Payment
Gateway and Payment Service Provider (PSP) OkePay New Zealand and
its subsidiary OkePay Asia Limited ( www.okepay.biz )
and with that, has officially entered the $4.7 Trillion Global
Payment Market. RHCO paid $13 million for the purchase of Okepay in
cash and stock. With its acquisition of OkePay, RHCO has achieved
its goal of becoming a major participant in the online and POS
payments sector.
In addition, OkePay's infrastructure will support
the imminent launch of a game changing eVoucher, READIES ( www.readies.biz ),
which will soon be available in 24, 000 retail stores in across
Europe. RHCO's eVoucher will be targeted towards consumers who
prefer to protect their privacy and security when engaging in
online retail, gaming, gambling and the adult entertainment
industry. This unique payment solution will resolve issues for
merchants, who previously have been unable to receive online
traditional payments, due to the nature of their industry. This
unique product offering will also address and provide online access
to the 30% of eligible participant's globally, that do not have a
Credit/Debit Card.
Richard Klitsie, CEO of RHCO stated, "I am
thrilled that we have been able to conclude our purchase of OkePay.
As we drive our business forward and as we seek a structured
balance between short-term revenue and long-term outperformance
multiples, this acquisition brings considerable strength in
licensing in the FATF jurisdictions of New Zealand and Hong
Kong. In keeping with our client acquisition strategy and
strengthening our digital marketing capabilities, our next goal is
to seek further acquisitions in the
sector"
RHCO is a diversified holding company, with an
operating history of over 30 years, which seeks opportunities to
acquire and grow businesses that can generate long-term sustainable
free cash flow and attractive returns, in order to maximize value
for all shareholders. RHCO has subsidiaries and liaison offices in
Europe and Asia.
For further information please contact RHCO at
info@readenholdingcorp.com or +852 3950
5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at
www.readenholdingcorp.com
The RHCO Twitter account can be accessed at
https://twitter.com/readenrhco
This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered
by the safe harbors created thereby. Investors are cautioned that,
all forward-looking statements involve risks and uncertainties,
including without limitation, the ability of Readen Holding Corp.
to accomplish its stated plan of business. Readen Holding Corp.
believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any of the assumptions
could be inaccurate, and therefore, there can be no assurance that
the forward-looking statements included in this press release will
prove to be accurate. In light of the significant uncertainties
inherent in the forward- looking statements included herein, the
inclusion of such information should not be regarded as a
representation by Readen Holding Corp. or any other
person.
Contact
Readen Holding Corp.
info@readenholdingcorp.com
+852 3950 5911
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